Someone turning age 65 today has almost a 70% possibility of using some type of long-term care service for their remaining years, but the duration varies for each person. As long-term care costs continue to increase by an average of 3%-5%, your clients need guidance in order to mitigate this leading retirement risk.

Although the biggest payor of long-term care is currently Medicaid, it’s a much more complex process to qualify for benefits depending on which state your clients live in. Through pre-planning, they can transition much sooner than dealing with the “spend-down” and “look-back” periods as well as a myriad of other complexities including taxes. The Pension Protection Act of 2006 allows certain policies to possess tax-free opportunities through a strategic 1035 exchange.

Join this webinar to understand the options so you can help your clients uniquely fund their long-term care plans without having to exhaust all of their financial resources.

Learning Objectives:

• List all the types of policies, including traditional long-term care insurance, "hybrid” life insurance policies with a long-term care rider (asset-based vs. linked-benefit), long-term care annuities, and chronic illness policies


• Determine the pairing of a long-term care report with a solution


• Give examples of tax deductions for individuals and business owners


• Evaluate how to help clients qualify for expensive nursing home costs without denials and penalty periods

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